UJB vs. OKLL

Last updated Apr 2, 2026

Compare and contrast key facts about ProShares Ultra High Yield (UJB) and Defiance Daily Target 2x Long OKLO ETF (OKLL).

UJB and OKLL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. UJB is a passively managed fund by ProShares that tracks the performance of the iBoxx $ Liquid High Yield Index (200%). It was launched on Apr 13, 2011. OKLL is an actively managed fund by Defiance. It was launched on Jun 23, 2025.

Performance

UJB vs. OKLL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares Ultra High Yield (UJB) and Defiance Daily Target 2x Long OKLO ETF (OKLL). The values are adjusted to include any dividend payments, if applicable.

UJB vs. OKLL - Yearly Performance Comparison

	2026 (YTD)	2025
UJB ProShares Ultra High Yield	-1.29%	5.64%
OKLL Defiance Daily Target 2x Long OKLO ETF	-66.31%	-30.34%

Returns By Period

In the year-to-date period, UJB achieves a -1.29% return, which is significantly higher than OKLL's -66.31% return.

UJB

• 1D: 0.42%
• 1M: -1.73%
• YTD: -1.29%
• 6M: -0.22%
• 1Y: 8.83%
• 3Y*: 10.38%
• 5Y*: 2.91%
• 10Y*: 6.78%

OKLL

• 1D: -6.61%
• 1M: -48.78%
• YTD: -66.31%
• 6M: -91.26%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

UJB vs. OKLL - Expense Ratio Comparison

UJB has a 1.27% expense ratio, which is lower than OKLL's 1.31% expense ratio.

OKLL

Defiance Daily Target 2x Long OKLO ETF

UJB

ProShares Ultra High Yield

Return for Risk

UJB vs. OKLL — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

UJB

UJB Risk / Return Rank: 46
UJB Sharpe Ratio Rank: 42
UJB Sortino Ratio Rank: 43
UJB Omega Ratio Rank: 47
UJB Calmar Ratio Rank: 43
UJB Martin Ratio Rank: 57

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

UJB vs. OKLL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra High Yield (UJB) and Defiance Daily Target 2x Long OKLO ETF (OKLL). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	UJB	OKLL	Difference
Sharpe ratio Return per unit of total volatility	0.82	—	—
Sortino ratio Return per unit of downside risk	1.26	—	—
Omega ratio Gain probability vs. loss probability	1.19	—	—
Calmar ratio Return relative to maximum drawdown	1.19	—	—
Martin ratio Return relative to average drawdown	5.92	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	UJB	OKLL	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.82	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.20	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.37	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.33	-0.42	+0.75

Correlation

The correlation between UJB and OKLL is 0.30, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

UJB vs. OKLL - Dividend Comparison

UJB's dividend yield for the trailing twelve months is around 3.42%, while OKLL has not paid dividends to shareholders.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
UJB ProShares Ultra High Yield	3.42%	2.61%	3.02%	3.92%	0.05%	0.63%	2.88%	3.95%	3.22%	2.67%	2.35%	3.62%
OKLL Defiance Daily Target 2x Long OKLO ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

UJB vs. OKLL - Drawdown Comparison

The maximum UJB drawdown since its inception was -40.14%, smaller than the maximum OKLL drawdown of -96.29%. Use the drawdown chart below to compare losses from any high point for UJB and OKLL.

Drawdown Indicators

	UJB	OKLL	Difference
Max Drawdown Largest peak-to-trough decline	-40.14%	-96.29%	+56.15%
Max Drawdown (1Y) Largest decline over 1 year	-7.86%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-30.14%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-40.14%	—	—
Current Drawdown Current decline from peak	-2.52%	-95.93%	+93.41%
Average Drawdown Average peak-to-trough decline	-6.23%	-53.66%	+47.43%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.58%	—	—

Volatility

Volatility by Period

	UJB	OKLL	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.41%	—	—
Volatility (6M) Calculated over the trailing 6-month period	5.65%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	10.88%	202.02%	-191.14%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.63%	202.02%	-187.39%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.52%	202.02%	-183.50%